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Statistics Canada data show Canada's agricultural exports to China reached C$9.3 billion in 2020, up 46 percent from 2019. The growth was led by products such as wheat, barley and peas despite the canola and soybean restrictions.
The Canada West Foundation says the total is 11 percent above its earlier projection.
Strong grain and pulse shipments to China show Chinese demand can offset blocked oilseed sales, supporting Canadian grain export values. The shift in export mix may still leave canola prices exposed to the restrictions.
cwf.caMar 18, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
